Table 22 IBA Comparable Transaction Statistics ‐ Total Data Base These transactions yielded a mean and median sale price to gross sales multiple of 0.33 and 0.28, respectively. They also yielded a mean and median sale price to discretionary earnings multiple of 2.27 and 1.79, respectively. Based on the findings in Table 22 IBA Comparable Transaction Statistics – Total Data Base, the median pricing multiple was chosen for both the sale price to gross sales (0.28) and the sale price to discretionary earnings (1.79). Rationale for choosing the median values for both multiples is based on the following • Given the relative high degree of dispersion, generally a median value is more indicative of the true central tendency of the observations.
